Towerview LLC grew its stake in shares of Charter Communications Inc (NASDAQ:CHTR) by 100.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,000 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Charter Communications accounts for 0.3% of Towerview LLC’s investment portfolio, making the stock its 16th biggest holding. Towerview LLC’s holdings in Charter Communications were worth $586,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the company. Brown Advisory Inc. boosted its holdings in Charter Communications by 25.5% in the first quarter. Brown Advisory Inc. now owns 966,921 shares of the company’s stock worth $300,925,000 after purchasing an additional 196,229 shares in the last quarter. Farallon Capital Management LLC boosted its holdings in Charter Communications by 70.3% in the first quarter. Farallon Capital Management LLC now owns 789,581 shares of the company’s stock worth $245,733,000 after purchasing an additional 325,956 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in Charter Communications by 6.8% in the first quarter. Diamond Hill Capital Management Inc. now owns 611,549 shares of the company’s stock worth $190,326,000 after purchasing an additional 38,770 shares in the last quarter. BloombergSen Inc. boosted its holdings in Charter Communications by 15.9% in the first quarter. BloombergSen Inc. now owns 567,389 shares of the company’s stock worth $176,583,000 after purchasing an additional 77,678 shares in the last quarter. Finally, Slate Path Capital LP boosted its holdings in Charter Communications by 34.6% in the first quarter. Slate Path Capital LP now owns 403,874 shares of the company’s stock worth $125,694,000 after purchasing an additional 103,874 shares in the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.
CHTR has been the subject of a number of recent research reports. SunTrust Banks decreased their price objective on shares of Charter Communications to $390.00 and set a “buy” rating for the company in a report on Monday, April 30th. Barclays reiterated a “sell” rating and issued a $254.00 price objective on shares of Charter Communications in a report on Monday, April 30th. ValuEngine upgraded shares of Charter Communications from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. Goldman Sachs Group upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating in a report on Thursday, June 28th. Finally, Zacks Investment Research cut shares of Charter Communications from a “hold” rating to a “sell” rating in a report on Tuesday, April 17th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company. Charter Communications has a consensus rating of “Hold” and a consensus price target of $373.16.
Charter Communications stock traded up $7.61 on Monday, reaching $293.90. 1,076,196 shares of the stock were exchanged, compared to its average volume of 1,628,834. The firm has a market cap of $67.98 billion, a price-to-earnings ratio of 110.36, a P/E/G ratio of 3.51 and a beta of 1.21. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.21 and a quick ratio of 0.21. Charter Communications Inc has a twelve month low of $250.10 and a twelve month high of $408.83.
Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, April 27th. The company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.26. The firm had revenue of $10.66 billion during the quarter, compared to analyst estimates of $10.62 billion. Charter Communications had a net margin of 23.55% and a return on equity of 1.15%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 EPS. sell-side analysts expect that Charter Communications Inc will post 3.89 earnings per share for the current year.
About Charter Communications
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.
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